Samsung bales out

Korea’s Samsung Heavy Industries is to close its European hydraulic excavator manufacturing plant near Harrogate two years after it opened following £10m investment. Samsung, which from the spring will supply Europe from Korea, blamed `a substantial decline in competitiveness’.

Korea’s Samsung Heavy Industries is to close its European hydraulic excavator manufacturing plant near Harrogate two years after it opened following £10m investment. Samsung, which from the spring will supply Europe from Korea, blamed `a substantial decline in competitiveness’.